- Full oil production has now been Restored at the Obangue Production Facility, onshore Gabon. The wells on the field were closed after a fire had destroyed four heater treaters in November (2003).
The US company PanOcean Energy Corporation announced today that on 27 December 2003, oil production at its Obangue facility, onshore Gabon, was restored to a level of approximately 3,000 barrels of oil per day.
- With the Obangue field back in full production, PanOcean is looking forward to another year of stable and growing production from its Gabon properties, today stated David Lyons, PanOcean President and Chief Executive Officer.
PanOcean is currently processing its Obangue production using rental equipment, which the company expects its insurance company to pay for. Permanent replacement processing facilities today were said to replace the rental equipment and the new equipment is planned to be operational by mid-year 2004.
Production at Obangue had been interrupted following a fire at the field treatment facilities on 6 November 2003. "With production now restored to pre-incident levels, oil from Obangue is again being exported via the Total-operated Avocette field pipeline, PanOcean said in a statement today.
No serious personal injuries were reported as a result of the November fire, which was rapidly extinguished. As a result of the fire, some oil however had been released on the site, which had required cleaning and decontamination.
PanOcean's production from the Etame and Remboue fields - which are located closely to Obangue - remained unaffected by the production interruption caused by the Obangue fire. PanOcean's share of production from the Etame field is averaging about 4,700 barrels of oil per day, while PanOcean's Remboue production is averaging about 1,270 barrels of oil per day.
Obangue is one of Gabon's few online oil fields, and one of the few areas in Gabon where new oil explorations and findings are still made. PanOcean in 2002 found oil in two new wells in this field and - except for the production halt due to the fire incident - successively has been able to increase its production at Obangue.
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